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Alipay Jumps into Korea’s Internet Bank Business Following Tencent
Chinese Capital InfluxAs Korea’s first internet bank will appear in a month, Alipay has also jumped into the domestic online-only bank business. Therefore, the competition among business operators who...
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Mercedes-Benz to Recall S63 AMG Sedans for ECU Defects
Car RecallGermany luxury carmaker Mercedes-Benz will recall 555 S63 AMG 4Matic sedans for electronic control unit (ECU) program defects. This is because cars have been found to have a glitch in the ECU...
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Lotte, Shilla, Shinsegae Expected to Lead Duty-free Shop Business as ‘Big Three’
Duty Free Takeover The government announcement regarding new duty-free shop operators on Nov. 14 removed the duty-free shop license from Lotte Duty Free Shop’s branch at Lotte World Tower, dealing a...
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Final Countdown Begins for World’s First VoLTE among Mobile Service Carriers
VoLTE DominanceThe era of Voice over LTE (VoLTE) based on LTE data networks will take its first step this month. Up until now, the VoLTE service has been available among subscribers of the same mobile...
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Government Offers More Support to Latin America for Cyber Security
Lending HandKorea is doubling its efforts to take the initiative in the world cyber security sector alongside helping Central and South American countries develop their information protection...
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Korea’s Technopark Model Exported to Vietnam
Global NetKorean Minister of Trade, Industry & Energy Yoon Sang-jik attended the Korea-Vietnam Incubator Park Opening Ceremony and the 6th Korea-Vietnam Inter-Ministerial Committee Meeting on Nov....
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Online ODP Market Posted 54.1% Growth between 2010 and Last Year
Online PowerThe rapid growth of the online overseas direct purchase market will allow it to break the US$20 billion mark in 2020 in terms of the amount of transactions.On Nov. 15, the Hyundai Research...
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Park Hyatt Busan to Present a package for facials and body massage treatment
Caviar Cell Vital PackageBlending the brilliance of the sun with the beauty of the earth, Lumi Spa proudly presents its “Caviar Cell Vital” package to effectively boost the skin’s vitality and relieve...
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Domestic PEF Market Signaling Explosive Growth
Wide OpeningThe Korean government will allow not only asset management and investment consulting firms, but also every securities firm to get a license for private equity fund (PEF) business.Under the...
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‘Black’ Consumers Plague Import Car Companies
Structural Problem‘Black’ consumers give more trouble to import car companies already having difficulties due to various cases and accidents in Korea. According to the import car industry on Nov. 16,...
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TPA Producers Opposed to Government’s Approach for Industrial Restructuring
Doubt on Restructuring MethodKorean terephthalic acid (TPA) producers are in doubt of the practical effects of the Korean government’s plan for industry-wide restructuring. The government mentioned the...
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Korean Enterprises’ Profitability on Decline
Corporate ProfitabilityOn Nov. 16, the Korea Economic Research Institute hosted a seminar in Yeouido, Seoul, with the theme of Korean manufacturers’ growth potential and profitability since the global...
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Korea Surpasses North America, Europe in LTE Service Quality
LTE CompetitivenessOn Nov. 15, the Korea Telecommunications Operators Association released a report on the result of a recent survey regarding telecom services available in the United States, Canada,...
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Korea’s Export Price Index on the Decline
Halved Export PricesThe Bank of Korea announced on Nov. 16 that Korea’s export price index plummeted from 108.37 to 85.35 between the first quarter of 2009 and the third quarter of this year, while...
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Samsung Group’s Annual Operating Profits Expected to Decline
Mixed but Downward TrendThe 12 subsidiaries of the Samsung Group are estimated to record 27.3645 trillion won (US$23.3627 billion) in operating profits this year, down 5.35 percent from a year...
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Korea Exchange Courting Samsung BioLogics to Consider Going for IPO at KOSDAQ
Instead of NASDAQThe Korea Exchange is making all-out efforts to attract Samsung BioLogics to the Korean stock market. But the company is considering being listed on the NASDAQ in the U.S.Samsung...
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Lactic Acid Lowers Blood Cholesterol
Cholesterol ReductionThe National Cancer Center announced on Nov. 16 that a research team led by Drs. Kim Jeong-seon and Cho Yeong-ae of its Division of Cancer Epidemiology and Cancer Prevention...
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Embassy of Denmark Introduces Biocare Copenhagen to Korean Health Food Market
Danish ProbioticsThe Embassy of Denmark in Seoul hosted a press conference for Biocare Copenhagen’s launch in Korea on Friday, Nov. 13 at the Shilla Hotel in Seoul. It was the first official...
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Naver’s ‘Live’ Takes on Kakao’s ‘On Demand’ for Mobile Supremacy
Mobile RaceKorea’s two leading internet companies – Naver and Kakao – came up with strategies to put their utmost efforts into the mobile business.According to the Internet business industry on Nov....
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Dongkuk Steel to Invest 25 Billion Won for Colored Steel Plate Market
Colorful LeapDongkuk Steel is to make a new investment in the colored steel plate market.The company announced on Nov. 18 that it will invest a total of 25 billion won (US$21.35 million) in the Busan...
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